Tencent Music's earnings report showed that it met EPS expectations, which could be seen as a positive sign by investors. However, the substantial year-over-year revenue decline may raise concerns about the company's growth and could potentially offset the neutral impact of meeting EPS estimates. The previous quarter's performance, where the stock price increased despite an EPS miss, suggests that the market reaction to earnings reports can be unpredictable. Therefore, the short-term impact on TME's stock price is assessed as neutral.